Can I retire at age 60 with 846,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$69,862$69,240$68,632$68,040$67,461$66,952
2 years$34,585$33,941$33,317$32,711$32,124$31,611
3 years$22,828$22,181$21,558$20,959$20,381$19,879
4 years$16,950$16,305$15,689$15,099$14,536$14,050
5 years$13,425$12,784$12,175$11,598$11,050$10,581
6 years$11,075$10,439$9,839$9,275$8,743$8,292
7 years$9,397$8,766$8,177$7,625$7,111$6,677
8 years$8,140$7,514$6,934$6,397$5,899$5,483
9 years$7,162$6,543$5,973$5,449$4,968$4,570
10 years$6,380$5,767$5,207$4,697$4,233$3,852
11 years$5,741$5,134$4,584$4,088$3,640$3,277
12 years$5,209$4,608$4,068$3,585$3,155$2,808
13 years$4,759$4,164$3,635$3,165$2,751$2,421
14 years$4,373$3,785$3,266$2,810$2,411$2,098
15 years$4,040$3,458$2,949$2,506$2,123$1,825
16 years$3,748$3,173$2,673$2,244$1,877$1,594
17 years$3,491$2,922$2,433$2,016$1,664$1,396
18 years$3,263$2,700$2,221$1,817$1,479$1,226
19 years$3,059$2,502$2,033$1,642$1,319$1,079
20 years$2,875$2,325$1,866$1,487$1,178$951
21 years$2,710$2,166$1,716$1,349$1,054$840
22 years$2,559$2,022$1,582$1,227$945$743
23 years$2,422$1,891$1,460$1,117$848$658
24 years$2,296$1,772$1,351$1,019$762$583
25 years$2,181$1,663$1,251$931$686$518
26 years$2,075$1,563$1,160$851$618$460
27 years$1,977$1,471$1,077$779$557$409
28 years$1,886$1,386$1,002$714$503$364
29 years$1,801$1,307$932$654$454$324
30 years$1,722$1,235$868$601$410$288
31 years$1,648$1,167$809$552$371$257
32 years$1,580$1,104$755$507$335$229
33 years$1,515$1,046$705$466$304$204
34 years$1,454$991$659$429$275$182
35 years$1,397$940$616$395$249$163
36 years$1,344$892$576$364$226$145
37 years$1,293$847$539$335$204$130
38 years$1,245$805$505$309$185$116
39 years$1,200$766$473$285$168$103
40 years$1,157$729$443$263$152$92
41 years$1,116$694$416$242$138$82
42 years$1,077$661$390$224$125$74
43 years$1,040$629$366$206$114$66
44 years$1,005$600$344$191$103$59
45 years$972$572$323$176$94$53
46 years$940$546$303$163$85$47
47 years$909$521$285$150$77$42
48 years$880$497$268$139$70$38
49 years$853$475$251$128$64$34
50 years$826$454$236$119$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $846,000, adding $6,310 every year, while hoping to spend $34,767 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/32/28 Blend
59$846,000$846,000$846,000$846,000
60$938,801$893,963$880,850$968,380
61$997,567$900,775$873,366$997,271
62$1,061,161$906,756$864,467$1,024,812
63$1,130,041$911,828$854,068$1,053,947
64$1,204,706$915,909$842,080$1,084,842
65$1,285,709$918,911$828,412$1,117,684
66$1,373,654$920,740$812,967$1,152,682
67$1,469,209$921,299$795,644$1,190,067
68$1,573,107$920,482$776,337$1,230,096
69$1,686,155$918,177$754,936$1,273,056
70$1,809,241$914,265$731,324$1,319,265
71$1,943,341$908,621$705,380$1,369,076
72$2,089,530$901,112$676,979$1,422,881
73$2,248,992$891,596$645,987$1,481,117
74$2,423,028$879,923$612,266$1,544,267
75$2,613,071$865,934$575,672$1,612,868
76$2,820,701$849,461$536,053$1,687,514
77$3,047,653$830,325$493,252$1,768,868
78$3,295,840$808,338$447,102$1,857,659
79$3,567,368$783,299$397,433$1,954,700
80$3,864,556$754,997$344,063$2,060,890
81$4,189,956$723,207$286,805$2,177,224
82$4,546,380$687,693$225,461$2,304,806
83$4,936,925$648,204$159,828$2,444,857
84$5,365,000$604,474$89,691$2,598,728
85$5,834,360$556,224$14,826$2,767,918
86$6,349,143$503,157$0$2,954,082
87$6,913,903$444,959$0$3,178,493
88$7,533,658$381,299$0$3,429,729
89$8,213,937$311,829$0$3,705,674
90$8,960,827$236,177$0$4,008,888
91$9,781,036$153,954$0$4,342,195
92$10,681,952$64,747$0$4,708,713
93$11,671,713$0$0$5,111,884
94$12,759,286$0$0$5,566,728
95$13,954,549$0$0$6,091,787
96$15,268,384$0$0$6,669,055
97$16,712,781$0$0$7,303,816
98$18,300,946$0$0$8,001,889
99$20,047,434$0$0$8,769,688
100$21,968,277$0$0$9,614,278